Wendy's NNN Property For Sale — Midlothian, VA · 3,000 SF
Midlothian, VA 23112
This offering features a single-tenant Wendy's property, part of a portfolio of nine Wendy's locations available in the Atlanta, GA and Richmond, VA areas. Each property boasts a new 20-year absolute NNN lease with attractive 10% rent escalations every five years. Wendy's, a global leader in the quick-service hamburger industry, operates over 6,600 restaurants worldwide. The guarantor, an established operator since 1986, manages 21 Wendy's locations across the Richmond and Atlanta markets and consistently ranks among the top performers in sales and profitability. The property is strategically located within the Winterpark Crossing Shopping Center, anchored by Lowe's and soon to include a new Super Wal-Mart and JC Penney. Nearby businesses include a free-standing Rite Aid, Goodyear Tires,…
- Address: Midlothian, VA 23112
- Asking price $2.34M
- 6.50% cap rate
- NOI $152,103
- 20 years remaining
- NNN lease
- Year built: 2004
- Building size: 3,000 SF
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Wendy's property is in Midlothian, Virginia.
Asset type: Restaurant